DENMARK TIGHTENS AML LAWS, BUT DIRTY MONEY STILL FALLS THROUGH THE CRACKS

BY GERARD O'DWYER DENMARK'S government and financial regulators have been increasingly busy since 2005 reinforcing the country's relatively relaxed anti-money laundering (AML) laws. Despite the introduction of the Danish Act on Measures to Prevent Money Laundering and Terrorist Financing in March 2006, and legislative amendments since, reports of suspected money laundering incidences have continued to increase year-on-year in Denmark. The investigative spotlight has also fallen on wayward Danish banks, a number of which have been fined and censored for beaches ...


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